“National Realty Investment Advisors just paid $25 Million for Wright by the Sea, an oceanfront short term rental building in Delray Beach with plans to redevelop the property into a boutique condominium project and beach club. Coley O’Brien, a managing director and partner at NRIA, said via email that the New Jersey based development and investment firm also plans to build townhomes on a lot directly across from the building at 1060 Del Harbor Drive. The projects are still in the planning stages and the number of units and other details are not yet  available. Candace Friis of the Corcoran Group represented both sides of the deal.”